Market volatility, rising AUD hits super fundsBY ALEX DUNNIN | THURSDAY, 3 MAY 2007 12:17PMVolatile stock markets and the surging Australian dollar are taking their toll as super fund returns trim back to just over 10 per cent for the 12 months to end March. |
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Ausfood Super appoints chief executive
Australian Food Super, the superannuation fund set up for employees in the meat industry, has named Michael Sykes as its new CEO.
mFunds sparked ASX outage, $1m credit issued
|The ASX said the outage from last month largely stemmed from the now-defunct mFunds and will subsequently credit participants $1 million to make amends.
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|Investing in the S&P/ASX 300 on a day it rebalances puts an 8% premium on share prices, a phenomenon that follows major global indices, new research from Dimensional Fund Advisors finds.
Rest appoints first-ever chief of staff
|Rest has appointed a senior wealth management leader and superannuation expert from Insignia Financial to take the reins as chief of staff.
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Kellie Wood
HEAD OF FIXED INCOME
SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED
SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED
Schroders Australia's Kellie Wood talks about winning a lot, so much so that it's become a well-intentioned joke with her co-workers - but it's this ambitious attitude that spurs her on every day. Eliza Bavin writes.